Diamondback Energy Inc

For the period ended Dec 31, 2024. Filed Feb 26, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 26, 2025

FANG$178.08-0.1%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations and Comprehensive Income

	Year Ended December 31,
	2024	2023	2022
(In millions, except per share amounts, shares in thousands)
Revenues:
Oil sales	$9,067	$7,279	$7,660
Natural gas sales	89	262	858
Natural gas liquid sales	944	687	1,048
Sales of purchased oil	923	111	—
Other operating income	43	73	77
Total revenues	11,066	8,412	9,643
Costs and expenses:
Lease operating expenses	1,286	872	652
Production and ad valorem taxes	638	525	611
Gathering, processing and transportation	356	287	258
Purchased oil expense	921	111	—
Depreciation, depletion, amortization and accretion	2,850	1,746	1,344
General and administrative expenses	213	150	144
Merger and integration expenses	303	11	14
Other operating expenses	103	140	112
Total costs and expenses	6,670	3,842	3,135
Income (loss) from operations	4,396	4,570	6,508
Other income (expense):
Interest expense, net	(135)	(159)	(154)
Other income (expense), net	80	52	(10)
Gain (loss) on derivative instruments, net	137	(259)	(586)
Gain (loss) on extinguishment of debt	2	(4)	(99)
Income (loss) from equity investments, net	21	48	77
Total other income (expense), net	105	(322)	(772)
Income (loss) before income taxes	4,501	4,248	5,736
Provision for (benefit from) income taxes	800	912	1,174
Net income (loss)	3,701	3,336	4,562
Net income (loss) attributable to non-controlling interest	363	193	176
Net income (loss) attributable to Diamondback Energy, Inc.	$3,338	$3,143	$4,386
Earnings (loss) per common share:
Basic	$15.53	$17.34	$24.61
Diluted	$15.53	$17.34	$24.61
Weighted average common shares outstanding:
Basic	213,545	179,999	176,539
Diluted	213,545	179,999	176,539
Comprehensive income (loss):
Net income (loss) attributable to Diamondback Energy, Inc.	$3,338	$3,143	$4,386
Other comprehensive income (loss), net of tax:
Pension and postretirement benefit plans	2	(1)	(7)
Comprehensive income (loss) attributable to Diamondback Energy, Inc	$3,340	$3,142	$4,379

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.